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SimpleDev replied Jul 30, 2013Cable was an intraday trade for me.. There are two ways I currently use to look for my entries. First way is like the 15m EU chart I posted above. Using only a 15m chart and watching for clear signs of strength/weakness from the previous US session ...
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SimpleDev replied Jul 30, 2013Nice job Pete.. just showing a zoomed out view of your 15m. Yesterday US session bought EU, then in late Asia today EU was bought again.. Played cable today, nice weakness on 1hr, I don't see any reason to cover the short just yet.
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SimpleDev replied Jul 30, 2013Lets start with 7/5, we see massive volume after a significant down move. We know that strength is coming in, but the trend is not going to change in a day, it needs time. 7/5 shows us that we need to be on our guard for a trend change. From here we ...
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SimpleDev replied Jul 30, 2013It sounds like you are more suited for a mechanical system.. To answer your question.. No I can't explain VSA without MIGHT/WOULD/COULD, VSA is subjective.. Take a look at that 6/19 chart. By all techincal VSA accounts it is a selling climax a sign ...
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SimpleDev replied Jul 30, 2013By how climatic I mean the amount of volume. If I see volume that is higher than the past 2 or 3 days I would not consider that as a trend changer, but lets say that I see volume that is higher than the past 2 weeks. I would be anticipating a trend ...
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SimpleDev replied Jul 30, 2013Heh.. I wish I would have book marked the article I found in bloomberg a few months ago. It basically said that goldman sachs forex groupfor the first quarter of 2013 had 0 losses, and the 4th quarter of 2012 either 1 or 2 losses total. So yea way ...
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SimpleDev replied Jul 30, 2013So here is for the rest of your post.. I don't know Wyckoff so here is just the VSA side of it. Here is your chart zoomed out.. Starting out think of VSA as a early warning system that the trend is about to change. So starting on 7/4 we see massive ...
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SimpleDev replied Jul 30, 2013I find your post interesting.. You did well in March but had trouble in April, both were choppy months. Just from my personal experience VSA does amazing job in ranging/choppy markets and doesn't do as well in trending markets. Something you may ...
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SimpleDev replied Jul 30, 2013You're spot on with your levels, lets take a look at the volume part. First chart is a zoomed out 1h, notice at this top we are currently at we don't see any climatic volume. 7-17 we see climatic volume.. Its still too early to tell, thinking that ...
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SimpleDev replied Jul 17, 2013I had a nice little post written up for you a little bit after LO, but about an hour and half into London, this nasty UT came into play which trumped my post, so I left it alone. EU threw a twist at me today and here it is, we see strength (blue) ...
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SimpleDev replied Jul 16, 2013Got a little bored, so I thought I would kick it old school with this chart. 15m, EU has come up a bit and we see a HV SO. Market is already trending up, so I am not sure why we need a high volume shake out.. Now look at the next bar, the reaction ...
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SimpleDev replied Jul 16, 2013The only fancy thing here is the NS.. Up trend, SOS and an entry bar.
vsa with Malcolm
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SimpleDev replied Jul 16, 2013Dangit Aldo.. I find this interesting, 49% of FF traders are short on EU, but 96% of FF lots are short. 12h chart shows we had some supply on July 10, but the last two days it seems as if the market has been testing looking for sellers, doesnt seem ...
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SimpleDev replied Jun 21, 2013Be careful of the UT. I think the problem most of us have with VSA is we forget to see the forest for the trees. Not seeing the bigger picture, which is understandable because it can become daunting. EJ is a hard read, but you can see that the ...
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SimpleDev replied Jun 21, 2013Thanks for sharing the blog with us, I bet it will be a trip to be remembered! Take care buddy.
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SimpleDev replied Jun 12, 2013Remember the 1h of the Dow Jones US dollar index I posted a few days ago? Here is the chart today.. another bounce off the close of the massive SO.. strong dollar.. weak EU.
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SimpleDev replied Jun 12, 201315 pips shy of 3333, really would have preferred price to pop up above and shown a rejection of it, but yesterday we did see quiet a bit of weakness.
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SimpleDev replied Jun 9, 2013Lets first take a look at EU weekly, on the first week of April we have a 2 bar reversal which resulted in price moving up 100 pips or so. Now towards the end of May we came back down to that level and found another 2 bar reversal, which caused the ...
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SimpleDev replied Jun 7, 2013My chart is for the Dow Jones US dollar index. The chart you are referring to is the USD futures. FXCM has the Dow Jones US dollar index, you will have to create a demo account in MT4 and select the country as UK, you will find the chart under CFD.
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SimpleDev replied Jun 7, 2013Was chatting in skype with Kinsale before NFP. The USD index showed SM hand nicely today. Big volume from yesterday with potential buyers and you see prior to the news how Asia and London session respected the close of the potential buyers. No ...
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